Shear and Empire waive first right of refusal
Vancouver — BHP Billiton Diamonds, a subsidiary of BHP Billiton (BHP-N) will move ahead with the purchase of a 14%…
2003
Queenstake moves forward at Jerritt Canyon
Vancouver — Queenstake Resources (QRL-T) has signed a purchase agreement with subsidiaries of AngloGold (AU-N) and…
People (June 02, 2003)
Melkior — Florent Bell and Francois Desrosiers appointed to board of directors.Pacific Minerals — Rui Feng resigned as director.Pasminco — Mark Rayner, Geoff Allen and Andrew Guy resig…
Samira Hill funding in place (June 02, 2003)
A group of lenders led by the African Development Bank (ADB) and including Semafo (SMF-T) has approved a US$27-million loan to La Socit des Mines du Liptako (SML) to develop the Samira Hill gold pro…
Peruvian regulator reviews Tambogrande
The Instituto Nacional de Recursos Naturales (Inrena), the Peruvian government agency charged with advising the government on new mining projects, has completed its preliminary review of the environme…
New techniques in processing
Predicting the processing performance of an untried ore deposit is essential to determining its economic viability.In cases where an ore just makes product grade or is difficult to prepare for smeltin…
Diavik receives engineering award
Diavik Diamond Mines has received the national award of achievement from the Canadian Council of Professional Engineers (CCPE) for the design and construction of the Diavik A154 dike.Building the dike…
Exchange Rates (June 02, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 27May 26May 23May 22May 21US$ in C$1.37461.37441.37751.3682…
Canadian Stock Exchange Indices (June 02, 2003)
DateMay 27May 26May 23May 22May 21HighLowTSX Composite6840.24…
Base metal miners advance
Buoyed by renewed strength in base metals prices, particularly in the nickel market, most of the base metal majors made gains during the report period ended May 27.Pechiney eased up 4 to US$14.05 as …
Golds falter as broad market shines
The Toronto Stock Exchange composite index gained 113.84 points over the May 21-27 report period to end at 6,840.24 points, its highest finish in nearly a year.Junior Tahera was the period’s hottest m…
Exchange follows major bourses upward
Vancouver — Canada’s junior exchange continued its slow but steady climb into bull territory during the report period ended May 27. The S&P-TSX Venture Exchange composite index added 5.4 points, or 0…